About your Search

20130512
20130520
Search Results 0 to 4 of about 5 (some duplicates have been removed)
-- the budget deficit will shrink this year to $642 billion, the smallest shortfall since 2008. deficits in cbo's baseline projections continue to shrink falling to 2.1% of gdp by 2015. in english, the deficit is shrinking at a near record breaking rate. now, you would think once it came to light that the deficit is shrinking at such a rapid rate that we hit the vaunted goals even set out by our wise masters, simpson and bowles, that people in washington who have endlessly obsessed over the deficit since the take party international is exwou would take notice. >> the president and his leaders in the senate are refusing to address this debt crisis. >> we had had had action to reduce these deficits. >> spend something out of control. >> tremendous deficits. >> debts out of control. >> does not start paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduxz celebraction cel that there would be press conferences. but no, there was nothing. what makes that no
they were focused on was imposing austerity, right? bringing the budget deficit down, that's the thing they keep talking about. >> yeah. >> and it strikes me they have been remarkably successful in doing that. when you look at the debt ceiling debacle that led to the budget control act which has led to the sequester that actually -- >> oh, thank you for this question. it's so far off the course. first of all, the actions taken by president obama and the house democratic congress, house and senate when he became president was the american recovery and reinvestment act, many of the initiatives that he passed are what are coming to bear now including the affordable care act. affordable care act is bringing the cost of health care in our country down in both the public and private sector and that is what is largely responsible for the deficit coming down. we all care about frugality. we don't want to spend any money we don't have to. but we do want to invest in the education of our children, the safety of our neighborhoods and the rest and even if you don't, you have to remember that teach
closely here at "all in with chris hayes." >> michigan department of education has just approved a deficit elimination plan for the buena vista school district. >> the district is hopeful that everyone will be back in class as early as this week. >> you heard that right. the buena vista school district will reopen, maybe as soon as friday, and students will finish out the school year, which runs until june 13th. that's because michigan education superintendent mike flanagan finally approved the district's third deficit elimination plan last night, which cleared the way to release state funding. as we first reported last week, then again on monday, buena vista students have not been in school since friday, may 3rd, because the district is out of money and republican rick snyder refused to release $500,000, or .1% of the state's rainy day fund so buena vista schools could reopened. that caused the district to shut the doors on all three schools, send more than 400 schools home, and layoff all 27 of its teachers. when we first covered this story, there was very little movement to resolve the
back money from the government, the deficit over the next six months is shrinking massively. >> the fed is not reducing its purchase. here ate plan right now for what the fed is going to do. it's going to buy $270 billion in treasury over the next six months and 270 billion of mortgages. and this is demand the fixed income of $510 million. we'll show you supply here and take a look at the next chart. new supply, zoom in here, 142 billion of new supply and no new net mortgage, man a little from fannie mae or freddy mac. their 5 ten bell onof demand means there's going to be 368 billion of cash. if you could just zoom in on that number and that's the number that taper says is going to be money looking for a hope in the market these days. the result is a lot of money having no place to go, but perhaps the stocks, and the fed will be dropping down further. the next screen is the equity risk premium. this is the measure over the risk-free treasury rate. you can see it's already at a historic high now according to tepper's math, this number will go higher which means there will be more return
Search Results 0 to 4 of about 5 (some duplicates have been removed)